Global #stablecoins.

Trust Wallet, the decentralized crypto wallet backed by former Binance CEO Changpeng Zhao (CZ), is experiencing notable growth, particularly in developing regions such as Africa and South Asia.

In recent months, cryptocurrency market dynamics have shown notable shifts, according to insights from a CryptoQuant analyst. The period between May and July witnessed a dramatic 54% increase in open interest, highlighting a surge in speculative trading activity.

At the Eastern Economic Forum in Vladivostok on September 7, Alexander Shokhin, President of the Russian Union of Industrialists and Entrepreneurs (RSPP), made a compelling case for the use of cryptocurrencies and stablecoins in international trade.

In a strategic push to bolster its foreign economic activities and advance de-dollarization, Russia is set to launch two significant cryptocurrency exchanges.

Hong Kong is making significant strides in the regulation of stablecoins, with the Hong Kong Monetary Authority (HKMA) recently announcing the first participants in its stablecoin issuer sandbox.

As the 2024 U.S. presidential race heats up, cryptocurrency is becoming a crucial issue for major candidates. Recently, Circle, a leading player in the digital assets sector, unveiled a new risk-based capital framework for stablecoins, underscoring the increasing need for clear and effective regulation in this rapidly evolving industry.